Prime Minister Nguyen Tan Dung has called on ministries, sectors and
localities to continue strongly applying measures to stabilise the
macro-economy and rein in inflation.
The PM made the plea while chairing the monthly cabinet meeting on September 29 in Hanoi.
He stated that it is crucial for more efforts to be exerted in
effectively tackling bad debts, while strengthening coordination in
market management and price control, ensuring the balance of demand and
supply.
In addition, he said efficient solutions should also
be applied to promote production and enhance trade and investment,
expanding markets and handling inventories.
PM Dung also
directed ministries, sectors and localities to focus their restructuring
in line with approved proposals, speeding up international integration
and the signing of free trade agreements with foreign partners. He said
this path will create opportunities for businesses and increase
resources for the benefit of the nation.
He also requested
authorised agencies to evenly allocate capital sources in building new
hospitals and upgrading overloaded ones in major cities.
Cabinet members held that the country’s socio-economic situation has
experienced active changes and is on the right track with improved
economic growth.
The country has also tasted success in
curbing inflation and macroeconomic stabilisation, they said, noting
lowered interest rates and satisfactory credit growth.
Despite
difficulties, industrial production has still enjoyed significant
achievements, especially in the fields of processing and manufacturing,
the meeting heard.
The delegates commented on the national
gross domestic product (GDP) in the first nine months of this year,
which is estimated at 5.14 percent. They also assessed the country’s
consumer price index (CPI) for September which rose 4.63 percent, the
lowest increase over the past four years. They studied export values in
the January-September period, which total nearly 96.5 billion USD, a
year-on-year rise of 15.7 percent.
Minister of Agriculture and
Rural Development Cao Duc Phat said agricultural production has
recovered remarkably, with agro-forestry-fishery exports up 0.5 percent
over the past three quarters.
At the same time, due attention
has been paid to policies on job generation and social welfare as well
as political security and social order, the minister said.
However, the cabinet members pointed to slow and unfirm economic
recovery, low budget collection and limited purchasing power, plus the
high number of suspended businesses as causes for concern.
Many suggested the synchronous and drastic implementation of policies on
social welfare, housing, new-style rural areas and job generation,
among others.
They also discussed the implementation of a
general proposal on economic restructuring in line with the shifting of
growth models.-VNA